the first sign of real strategic interest

I like this ann. There are only 3 reasons for taking 19.9% of an ASX listed company...

1- you want a blocking stake (indicates future intentions)...control?
2-you want board representation (indicates future intention)... control?
3- you want pole position for a takeover (the ultimate intention?)

Assuming one day they decide to play the third hand...TRUE valuation kicks in. Even assuming no component for ablation and no permitting progress...just imagine (even at a discount) what a 90million lb resource is worth at the price SH will sell it for..i.e. lowest contempory in ground market valuation right now (apart from us!),is $1-$1.50lb

That's an 18 bagger right there!

IMHO

Makes life interesting does it not.